Reply To: Spanish property market 2008: soft landing or train wreck?

Spanish Property Insight Forums Spanish Property Forums Spanish Real Estate Chatter Spanish property market 2008: soft landing or train wreck? Reply To: Spanish property market 2008: soft landing or train wreck?

#77695
Anonymous
Participant

@Drakan wrote:

Not a single spaniard believes that prices of property have increased by 5% in 2007 as our Government would have us believe in their manipulated “official” housing statistics.

Keep track of the rising unemployment and crime figures in Spain. We are in for a very hard ride.

National elections are drawing near.

Back on this topic, I’m not the only one that disagrees with the manipulated government statistics. Economists think likewise, article of today’s newspaper -in Spanish-:

Los economistas no se creen que el precio de la vivienda haya subido en 2007

http://www.cotizalia.com/cache/2008/01/23/97_ciudadanos_creen_precio_vivienda_subido.html

The “real” figures for 2007 should be a loss of between 5-10% of Spanish property price. Closer to to the latter in fact IMHO.

But politics are forever politics and it’s not in the Spanish government’s interest to show the real figures.